In current price terms, net services for 2000-01 recorded a surplus of $0.6b, a turnaround of $2.0b on the deficit recorded in 1999-2000. Services credits increased by $4.5b (16%) to $32.8b, mainly due to increases in personal travel services. Services debits increased by $2.5b (8%) to $32.2b, mainly due to increases in transportation and personal travel services as a result of the Sydney Olympic Games. Table 30.8 provides details of the international trade in services.

As shown in table 30.9, the main destinations for services exports (credits) in 1999-2000 (the latest year available for regional data) were United States (16%), Japan (12%), United Kingdom (11%), New Zealand (7%) and Singapore (6%). Significant growth has been recorded since 1994-95 in services exports to each of these markets except Japan. The main source countries for services debits in 1999-2000, as shown in table 30.10, were United States (21%), United Kingdom (12%), Japan (7%), Singapore (6%), New Zealand (5%) and Hong Kong (4%).

30.8 INTERNATIONAL TRADE IN SERVICES

1995-96

$m

1996-97

$m

1997-98

$m

1998-99

$m

1999-2000

$m

2000-01

$m

CREDITS

Services credits

22,949

24,226

25,206

26,242

28,317

32,794

Transportation services

6,526

6,648

6,611

6,803

6,865

8,073

- Passenger

5,305

5,697

5,550

5,604

5,848

6,986

- Freight

1,221

951

1,061

1,199

1,017

1,087

- Other

n.p.

n.p.

n.p.

n.p.

n.p.

n.p.

Travel services

11,252

11,756

11,540

11,944

13,139

15,344

- Business

798

675

893

1,009

1,040

1,179

- Personal

10,454

11,081

10,647

10,935

12,099

14,165

Communications services

896

947

1,361

1,239

1,475

1,520

Construction services

66

70

31

18

23

50

Insurance services

672

772

840

859

766

741

Financial services

577

634

713

716

747

747

Computer and information services

217

277

532

676

668

757

Royalties and licence fees

329

376

449

488

572

594

Other business services

1,613

1,882

2,224

2,552

2,852

2,936

- Merchanting and other trade-related

331

436

481

586

501

506

- Operational leasing

7

10

8

8

15

12

- Miscellaneous business, professional and technical

1,275

1,436

1,735

1,958

2,336

2,418

Personal, cultural and recreational services

248

304

352

388

475

1412

Government services n.e.i.

553

560

553

559

735

620

DEBITS

Services debits

-23,349

-24,152

-26,398

-28,026

-29,713

-32,233

Transportation services

-8,488

-8,439

-9,110

-9,367

-10,018

-11,371

- Passenger

-2,928

-3,003

-3,224

-3,485

-3,876

-4,357

- Freight

-4,405

-4,373

-5,013

-5,009

-5,257

-5,985

- Other

-1,155

-1,063

-873

-873

-885

-1,029

Travel services

-6,988

-7,769

-8,372

-9,044

-9,836

-10,788

- Business

-2,056

-2,286

-2,416

-2,239

-2,536

-2,838

- Personal

-4,932

-5,483

-5,956

-6,805

-7,300

-7,950

Communications services

-1,060

-1,066

-1,407

-1,467

-1,664

-1,928

Construction services

0

0

0

0

0

0

Insurance services

-1,064

-1,012

-915

-922

-902

-902

Financial services

-472

-451

-442

-468

-527

-528

Computer and information services

-203

-253

-336

-424

-458

-432

Royalties and license fees

-1,304

-1,397

-1,519

-1,692

-1,805

-1,688

Other business services

-2,646

-2,699

-3,003

-3,253

-3,046

-3,151

- Merchanting and other trade-related

-276

-362

-392

-329

-221

-246

- Operational leasing

-1,032

-814

-864

-1,034

-942

-1,144

- Miscellaneous business, professional and technical

-1,338

-1,523

-1,747

-1,890

-1,883

-1,761

Personal, cultural and recreational services

-555

-547

-702

-756

-808

-824

Government services n.e.i.

-569

-519

-592

-633

-649

-621

Source: Balance of Payments and International Investment Position, Australia (5302.0).

30.9 SERVICES CREDITS, By Country and Country Group

1994-95

$m

1995-96

$m

1996-97

$m

1997-98

$m

1998-99

$m

1999-2000

$m

COUNTRIES

Belgium and Luxembourg

47

64

105

125

107

100

Brunei Darussalam

23

25

22

21

22

20

Canada

240

281

309

359

384

401

Central America and Caribbean

12

11

15

13

18

12

Chile

5

7

5

5

4

5

China, People’s Republic of

375

378

396

485

575

657

Fiji

80

72

62

117

154

202

France

197

169

207

192

223

249

Germany

591

576

665

724

733

774

Greece

42

52

49

47

31

78

Hong Kong (SAR of China)

863

1,072

1,054

1,032

972

995

Indonesia

840

971

1,029

922

845

839

Ireland, Republic of

61

69

77

96

126

164

Italy

177

184

244

250

294

268

Japan

3,425

3,658

3,688

3,489

3,280

3,353

Korea, Republic of

835

1,115

927

609

450

608

Malaysia

684

769

733

773

668

791

Mexico

9

4

4

4

15

6

Netherlands

192

163

211

254

272

297

New Zealand

1,254

1,418

1,666

1,793

1,799

2,046

Papua New Guinea

240

236

279

335

291

371

Philippines

161

182

189

192

168

185

Russian Federation

66

69

63

56

43

42

Singapore

1,277

1,241

1,256

1,181

1,337

1,660

South Africa

152

173

177

168

219

173

Sweden

80

94

99

106

172

182

Switzerland

259

261

261

278

308

325

Taiwan

679

702

570

535

460

428

Thailand

503

523

474

353

362

433

United Kingdom

1,922

2,040

2,171

2,470

2,864

3,114

United States of America

2,403

2,977

3,220

4,097

4,394

4,588

Africa n.e.s.

93

106

103

126

121

141

America n.e.s.

118

131

330

254

373

559

Asia n.e.s.

808

873

994

1,022

1,164

1,184

Europe n.e.s.

652

674

650

719

770

901

Oceania n.e.s.

260

264

274

191

223

254

International institutions

4

4

2

0

0

0

Unallocated

924

1,341

1,646

1,813

2001

1912

Total all countries

20,553

22,949

24,226

25,206

26,242

28,317

COUNTRY GROUPS

APEC(a)

13,816

15,559

15,821

16,185

16,183

17,550

ASEAN(b)

3,529

3,814

3,834

3,564

3,541

4,050

EU(c)

3,606

3,706

4,199

4,699

5,288

5,737

OECD(d)

11,423

12,524

14,432

15,458

16,052

17,228

(a) APEC includes Brunei Darussalam, Canada, Chile, People's Republic of China, Hong Kong (SAR of China), Indonesia, Japan, Republic of Korea, Malaysia, Mexico, New Zealand, Papua New Guinea, Peru, Philippines, Russian Federation, Singapore, Taiwan, Thailand, United States of America and Viet Nam. Peru, Russian Federation and Viet Nam are included from 1998-99.(b) ASEAN includes Brunei Darussalam, Burma, Cambodia, Indonesia, Laos, Malaysia, Philippines, Singapore, Thailand and Viet Nam. Burma and Laos are included from July 1997. Cambodia is included from April 1999.(c) EU includes Austria, Belgium, Denmark, Finland, France, Germany, Greece, Republic of Ireland, Italy, Luxembourg, Netherlands, Portugal, Spain, Sweden and United Kingdom. (d) OECD includes Austria, Belgium, Canada, Czech Republic, Denmark, Finland, France, Germany, Greece, Hungary, Iceland, Republic of Ireland, Italy, Japan, Republic of Korea, Luxembourg, Mexico, Netherlands, New Zealand, Norway, Poland, Portugal, Spain, Sweden, Switzerland, Turkey, United Kingdom and United States of America. Czech Republic and Hungary are included from January 1996 and Republic of Korea and Poland are included from 1996-97.

Source: Balance of Payments and International Investment Position, Australia (5363.0).

30.10 SERVICES DEBITS, By Country and Country Group

1994-95

$m

1995-96

$m

1996-97

$m

1997-98

$m

1998-99

$m

1999-2000
$m

COUNTRIES

Belgium and Luxembourg

-107

-86

-68

-108

-71

-89

Brunei Darussalam

-9

-10

-7

-10

-11

-11

Canada

-301

-318

-319

-298

-320

-389

Central America and Caribbean

-202

-197

-163

-189

-212

-229

Chile

-16

-21

-18

-65

-19

-16

China, People’s Republic of

-443

-458

-447

-592

-613

-621

Fiji

-176

-190

-178

-209

-323

-355

France

-270

-272

-290

-404

-347

-386

Germany

-507

-503

-530

-710

-851

-888

Greece

-237

-230

-217

-234

-239

-272

Hong Kong (SAR of China)

-999

-1,090

-1,266

-1,248

-1,186

-1,285

Indonesia

-485

-549

-706

-691

-587

-526

Ireland, Republic of

-97

-110

-142

-174

-150

-182

Italy

-385

-433

-541

-525

-498

-429

Japan

-1,714

-1,508

-1,545

-1,308

-1,690

-2,049

Korea, Republic of

-262

-303

-283

-257

-286

-207

Malaysia

-483

-524

-626

-694

-746

-743

Mexico

-11

-13

-16

-17

-22

-33

Netherlands

-538

-408

-411

-501

-518

-593

New Zealand

-950

-1,063

-1,149

-1,360

-1,451

-1,543

Papua New Guinea

-134

-162

-174

-222

-151

-162

Philippines

-111

-122

-144

-222

-164

-169

Russian Federation

-150

-116

-81

-61

-53

-40

Singapore

-1,196

-1,237

-1,200

-1,207

-1,694

-1,935

South Africa

-103

-118

-155

-193

-193

-168

Sweden

-166

-128

-100

-183

-90

-82

Switzerland

-462

-511

-569

-621

-738

-702

Taiwan

-142

-152

-155

-186

-122

-136

Thailand

-384

-435

-403

-501

-553

-625

United Kingdom

-3,560

-3,826

-3,874

-3,613

-3,240

-3,679

United States of America

-4,332

-4,590

-4,949

-5,521

-5,662

-6,248

Africa n.e.s.

-130

-149

-163

-183

-266

-340

America n.e.s.

-117

-154

-217

-228

-203

-195

Asia n.e.s.

-746

-622

-607

-821

-1,038

-1,123

Europe n.e.s.

-1,089

-1,084

-876

-1,066

-1,086

-925

Oceania n.e.s.

-158

-164

-155

-216

-214

-231

International institutions

0

0

0

0

-1

-1

Unallocated

-1,165

-1,493

-1,408

-1,760

-2,418

-2,106

Total all countries

-22,337

-23,349

-24,152

-26,398

-28,026

-29,713

COUNTRY GROUPS

APEC(a)

-11,972

-12,555

-13,407

-14,399

-15,597

-16,957

ASEAN(b)

-2,791

-3,068

-3,293

-3,551

-4,066

-4,240

EU(c)

-6,154

-6,373

-6,448

-6,852

-6,417

-6,985

OECD(d)

-14,430

-14,767

-15,633

-16,634

-16,981

-18,370

(a) APEC includes Brunei Darussalam, Canada, Chile, People's Republic of China, Hong Kong (SAR of China), Indonesia, Japan, Republic of Korea, Malaysia, Mexico, New Zealand, Papua New Guinea, Peru, Philippines, Russian Federation, Singapore, Taiwan, Thailand, United States of America and Viet Nam. Peru, Russian Federation and Viet Nam are included from 1998-99.(b) ASEAN includes Brunei Darussalam, Burma, Cambodia, Indonesia, Laos, Malaysia, Philippines, Singapore, Thailand and Viet Nam. Burma and Laos are included from July 1997. Cambodia is included from April 1999.(c) EU includes Austria, Belgium, Denmark, Finland, France, Germany, Greece, Republic of Ireland, Italy, Luxembourg, Netherlands, Portugal, Spain, Sweden and United Kingdom. (d) OECD includes Austria, Belgium, Canada, Czech Republic, Denmark, Finland, France, Germany, Greece, Hungary, Iceland, Republic of Ireland, Italy, Japan, Republic of Korea, Luxembourg, Mexico, Netherlands, New Zealand, Norway, Poland, Portugal, Spain, Sweden, Switzerland, Turkey, United Kingdom and United States of America. Czech Republic and Hungary are included from January 1996 and Republic of Korea and Poland are included from 1996-97.

Source: Balance of Payments and International Investment Position, Australia (5363.0).